CITY PEMBROKE PINES (MIAMI / FORT LAUDERDALE )
FREE STANDING YES ( CORNER )
LEASE TERM 15 YEARS
OPTION YES. 12 TIME 5 YEARS
LEASE IS N N N
GUARANTY WALGREENS CORP
BUILDING SIZE 15,458 SF ( 1,407 m2 )
LAND SIZE 1,58 AC
DRIVE THRU YES
N O I $ 465,600
CAP RATE 5,15 %
SALES PRICE 9.040,777
- WALGREENS HAS OVER 9,800 LOCATIONS
- RARE WALGREENS LEASE WITH RENT INCREASES
- The Lease provides 5% fixed rent increases every 5-years during the primary term and the 12, 5-year option periods.
- NEW 15-YEAR ABSOLUTE NNN LEASE
- The subject property operates under a new Absolute NNN Lease with no Landlord management or maintenance responsibilities whatsoever.
- INVESTMENT GRADE TENANT
- LOCATED IN AN AFFLUENT AREA WITH OUTSTANDING DEMOGRAPHICS
- The Walgreens is located in Pembroke Pines, an affluent city in South Florida, located between Miami and Fort Lauderdale. Named “one of the best cities to live in America,” Pembroke Pines is home to over 160,000 residents making it the second most populous city in Broward County. The average household income is $131,920 within a one-mile radius of the property.
- MIAMI - FORT LAUDERDALE MSA LOCATION IN THE HEART OF BROWARD COUNTY